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he increased the income tax by 10%, but the huge surge in revenues under clinton came through the capital gains tax cut, not from the income-tax increase. lou: you and i have do what the repblicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of t, but but the realitys the republican party has not come up with a rejoinder, a respnse to a, if you will, a socialist redistributionist president who right now claims thefield is on because there is no other standard flying over that field. there is a spker of the house to is simply saying, this is not right. you know, we are not at the table and complaining, but not, not engaging. >> i think we have got to engage the argument. we cannot win the argument while acknowledging that an increase in tax rates would increase revenues and all. it will just today the top 1 percent are paying about 40 percent of the income tax. the top 25 percent are paying 87% of the income tax. it does not get any better than that. this is under the bush tax rates. you eliminate the tax rates and you will get less
he increased the income tax by 10%, but the huge surge in revenues under clinton came through the capital gains tax cut, not from the income-tax increase. lou: you and i have do what the repblicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of t, but but the realitys the republican party has not come up with a rejoinder, a respnse to a, if you will, a socialist redistributionist president who right now claims thefield is on because there...
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clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, afterll the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and campaign for obama, but in return, he wanted a couple things from the president. first, clinton wanted to be a allowed to name the next chairman of the democratic national committee to have effective control of the party apparatus and all the money that goes with that. lou: that's a big gift. >> well, he did a big deal for obama. lou: right. >> secondly, he wanted obama to agree that he would back hillary if she runs for president in 2016, and that was a verbal commitment he believed he had from barack obama. shortly after the election, according, again, to my sources, clinton sent obama a list of five names from which he could choose the next chairman of the democratic national convention. lou: a list from clinton to the president? >
clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, afterll the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and campaign for obama, but in return, he wanted a couple things from the president. first, clinton wanted to be a allowed to name the next chairman of...
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the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and toda a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary clinton insisted that the united states and russia share common goals in the region. >> trying hard to work hard with russia to stop the bloodshed in syria and begin a political transition to a post asad future the pressure against the regime in and aroundamascus seems to be increasing. lou: at home, leon pa net fa issuing the -- panetta issuinghe sharpest warning yet. >> the president of t united states made it clear there will be consequences. there will be consequences if the assad regime makes a terrible mistake by using chemical weapons on their own people. lou: neither the white house or pentago
the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and toda a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary...
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melissa: secretary of state hillary clinton responding to reports syria's regime is moving its stockpiles of chemical weapons and there is new word that syria is combining chemicals to make deadly sarin gas. would its use be enough to push unraveling middle east over the edge? for insight we turn tt brigitte gabriel, terrorism expert and president of act for america. welcome to the show. >> thank you, melissa. melissa: this is certainly frightening news and frightening reports. from what you've seen do you think this is what syria is doing? >> syria is moving chemical weapons in a way they have not done before. they usually move these things around but the activities of the last 48 hours show they are up to something and the concern here is that bashar assad says if he goes down he will take the whole middle east down with him and i believe his last resort will be using chemical weapons in, if in fact he is losing. the rebels in the last 48 hours gained really good ground against the assad regime and there were reports that came out of syria yesterday, two different reports said, some sai
melissa: secretary of state hillary clinton responding to reports syria's regime is moving its stockpiles of chemical weapons and there is new word that syria is combining chemicals to make deadly sarin gas. would its use be enough to push unraveling middle east over the edge? for insight we turn tt brigitte gabriel, terrorism expert and president of act for america. welcome to the show. >> thank you, melissa. melissa: this is certainly frightening news and frightening reports. from what...
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secretary of state clinton said it would be a redlinebe for united states. back with the panel. it seems like this is serious today. the president weighing in. and the secretary of state. and action on the ground in syria increasing. >> no question they took the rhetoric to another level. there was a piece talking about how they consider a bolder approach on syria. to there was a precipitating event. the defection of the spokesman. either way, we are looking at white house obama administration taking this more seriously. the problem they face is a problem that they face in the sense of the last several months. the words don't mean as much now. they have been calling for assad to go for a year-and-a-half. they have been making the threats. very little of it has come to pass. there is very little action that supported the rhetoric over the course of the past year-and-a-half. if the stepped up rhetoric and hillary clinton identifying the use of chemical weapons as a redline which is well understood might give assad pause and people under him pause. it's the kind of situation where
secretary of state clinton said it would be a redlinebe for united states. back with the panel. it seems like this is serious today. the president weighing in. and the secretary of state. and action on the ground in syria increasing. >> no question they took the rhetoric to another level. there was a piece talking about how they consider a bolder approach on syria. to there was a precipitating event. the defection of the spokesman. either way, we are looking at white house obama...
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that i think that hoops that republicans are going through to find an alternative to raising raters on clinton era rates. it could get so ca complicated d get worse. when you talk mortgages and charities and everything else. why not raise rates on rich, fight for a simp her tax system that -- simpler tax system that might provide lower taxes down the road. >> well we need to demand concessions on spending. neil: we're not getting them. >> that is the point, so putting up taxes is not a way of getting concessions in the future. neil: from the get go they put up that 800 billion figure. >> a starting point, the problem is that, as you know, not only will the democrats want more in taxes, but they have in place, with this horrible deal that was done a year and a half ago with debt sealing that gives deal -- there is a deal in place. and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president signed off on this, allowing tax increases to go back in place. and they signed on to half a trillion in cuts, in domestic programs and half a trilli
that i think that hoops that republicans are going through to find an alternative to raising raters on clinton era rates. it could get so ca complicated d get worse. when you talk mortgages and charities and everything else. why not raise rates on rich, fight for a simp her tax system that -- simpler tax system that might provide lower taxes down the road. >> well we need to demand concessions on spending. neil: we're not getting them. >> that is the point, so putting up taxes is...
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this offer more bipartisan credibility, speaker boehner said the plan is based on a proposal by former clinton chief of staff erskine bowles. bowles said he was flattered by the use of his name but satsz the proposal, quote -- so far, this greek fiscal drama has yet failed to return. the larger question for america, the play ends in tragedy on december 31st. joining me now from washington, is the president for -- president of americans for tax reform, conservative counter broker and the man who does not believe in unicorns, pink or otherwise, mr. grover norquist. grover, what a day to have you on the show. thanks for joining us. >> absolutely. of course, you know, north korea and -- media announced they did find unicorns in north korea. >> we don't often take our cues from them. i am one that firmly believes in the existence of unicorns somewhere and hopefully maybe in this fiscal cliff deal. grover, the first question i have for you is this, your pledge, the pledge that many republicans have signed on to, opposes any and all efforts to increase marginal income tax rates and opposes any net re
this offer more bipartisan credibility, speaker boehner said the plan is based on a proposal by former clinton chief of staff erskine bowles. bowles said he was flattered by the use of his name but satsz the proposal, quote -- so far, this greek fiscal drama has yet failed to return. the larger question for america, the play ends in tragedy on december 31st. joining me now from washington, is the president for -- president of americans for tax reform, conservative counter broker and the man who...
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>> yeah, but victoria's point about reagan and clinton. we had economic growth then because government was not eating up everything. incentives were better aligned for busiss people to create jobs. i believe in the old parable it is better to teach a man how to fish than give him fish. long-answer is better prepare people for the needs of the 21st century economy . broken communities and families and schools are not doing that. >> i don't think the government a are doing it either. >> taking a hit for hitting the health care law. >> the name behind red lobster could have you paying up even more. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. your latest healines always at fox
>> yeah, but victoria's point about reagan and clinton. we had economic growth then because government was not eating up everything. incentives were better aligned for busiss people to create jobs. i believe in the old parable it is better to teach a man how to fish than give him fish. long-answer is better prepare people for the needs of the 21st century economy . broken communities and families and schools are not doing that. >> i don't think the government a are doing it either....
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hillary clinton has said she is not running. >> hillary clinton has said she is not running. when the mike is put in front of them, the red lights, things change quickly. >>gregg: gentleman, i have to call it quits for our political insiders. thank you so much, gentleman. more of our political insiders each monday at 10:30 a.m., eastern. they will be back here, of course, next sunday, same time, same channel. >>heather: coming up, an american doctor abducted by the taliban is saved in a daring rescue by united states forces. the doctor endure add grueling ordeal for five days. coming up, colonel oliver north how the mission went down. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. >>gregg: we are lending more of the dramat
hillary clinton has said she is not running. >> hillary clinton has said she is not running. when the mike is put in front of them, the red lights, things change quickly. >>gregg: gentleman, i have to call it quits for our political insiders. thank you so much, gentleman. more of our political insiders each monday at 10:30 a.m., eastern. they will be back here, of course, next sunday, same time, same channel. >>heather: coming up, an american doctor abducted by the taliban is...
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. >> ford is your we offered a serious proposal based on testimony of friends that clinton's former chief of staff. since then there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. gerri: earlier i askd republican senator richard shelby of alabama for histake on the comments from boehner. >> i believe that speaker boehner is on the right track. the president has not come uptown now, been deeply involved, that we know about , in any of these offers are counterfers dealers said he has been campaigning to meet. but he has to get involved if he wants to avoid the fiscal liff. i think that the speaker has indicated that he will try to engage in, t to meet him and try to avoid the fiscal cleft that the presiient is gng to continue to say it is my way or the highway, that is another game. gei: it is. harry reid today saying that the game is at chess game, and the republicans are the jets. here is harry reid. >> he has a problem. he has three quarterbacks
. >> ford is your we offered a serious proposal based on testimony of friends that clinton's former chief of staff. since then there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. gerri: earlier i askd republican senator richard shelby of alabama for histake on the comments from boehner. >> i believe that speaker boehner is on the right...
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former president clinton held on to number 50. and tonight be sure to watch brian williams sit down with tim cook. by the way, he's number 35 on the forbes list. >> finally, no, this is no joke. pizza hut in canada sent more than 100 bottles of pizza cented perfume to facebook fans. the fragrance boasts freshly baked hand tossed dough. >>> some optimistic news in the fight against breast cancer. women who took the common estrogen blocking drug tamoxofin cut the chance of getting breast cancer in half. >>> coming up, corey booker lives on food stamps. the nfl steps in with a million dollars for jovan belcher's orphan daughter and high resolution images of your planet earth from space. the new technology uses filtering techniques that allows the images such as city lights, gas flares, auroras, wildfires and reflecting moonlight to be seen by the naked eye. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than thos
former president clinton held on to number 50. and tonight be sure to watch brian williams sit down with tim cook. by the way, he's number 35 on the forbes list. >> finally, no, this is no joke. pizza hut in canada sent more than 100 bottles of pizza cented perfume to facebook fans. the fragrance boasts freshly baked hand tossed dough. >>> some optimistic news in the fight against breast cancer. women who took the common estrogen blocking drug tamoxofin cut the chance of getting...
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among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if it you ask if he will accept anything else, he doesn't really answer. >> tax rates. are you -- is there no deal at the end of the year if tax rates for the top 2% aren't the clinton tax rates, period. no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the cap
among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if it you ask if he will accept anything else, he doesn't really answer. >> tax rates. are...
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new york city mayor bloomberg called hillary clinton and said you should be my successor as mayor. how do you think that conversation went? i think being a mayor of new york city gives you an opportunity to imagine things that are possible but not in real life. i can imagine how hillary clinton would be enticed to take on that smaller stage after her staging as the nation and the world for the last decade. >> jim, i wonder if she was flattered by it or thought to herself, i'm on the world stage here. why would i go and become mayor of new york city? >> i mean, everything i've read about sect clinton suggests that she's looking forward to a break at the end of this year. i don't think running for mayor is very conducive to that. it's not my idea of a relaxing time but i may be wrong. >> people are joking that mayor bloomberg looks tired. it's a big job. but the one thing she's been consistent about, she needs to sleep a little. great to see you. jim, thank you as well. >>> meantime, the u.s. navy is denying iran's claim that it has captured an unmanned drone. they say that none are
new york city mayor bloomberg called hillary clinton and said you should be my successor as mayor. how do you think that conversation went? i think being a mayor of new york city gives you an opportunity to imagine things that are possible but not in real life. i can imagine how hillary clinton would be enticed to take on that smaller stage after her staging as the nation and the world for the last decade. >> jim, i wonder if she was flattered by it or thought to herself, i'm on the world...
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president clinton was clear when he spoke to the republicans. he pointed out that the biggest driver of the united states debt is medicare. he understands that we have to face up to the medicare problem. we need a solution. >> the conference that rick was referring tompt he said folks, i won and i get to make the decision and he grew the budget by 800 billion every year. one-time stimulus has happened every year of the presidency and the president through tim geithener is making a proposal and raising taxes. >> it is absurd what is in the propose and the president is proposing. we hear the president saying that tax hikes on the upper brackets will solve all of the problems and it pay for government spending for a week and a half . the psident said he would stop the seas from rising. he might want to stop the oceans of red ink that are rising. listen, they make this point. federal taxpayers ponying up to cover up the short fall of social security. white house said that is happening . lbj in the '60s got the government's mitts on social security f
president clinton was clear when he spoke to the republicans. he pointed out that the biggest driver of the united states debt is medicare. he understands that we have to face up to the medicare problem. we need a solution. >> the conference that rick was referring tompt he said folks, i won and i get to make the decision and he grew the budget by 800 billion every year. one-time stimulus has happened every year of the presidency and the president through tim geithener is making a...
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what was so bad about the 39.6% highest rate under bill clinton? the economy was pretty good under bill clinton and that grumbling from democrats, i think, will be helpful to, ironically, republicans because a lot of republicans on the right are going to be saying to boehner, we had pledged to grover norquist no tax increase at all and here you are agreeing to what is effectively a tax increase. and i think that both sides are going to have to give a little bit of something, and that 37% may be the golden median. >> doug, let's talk about the unemployment report that came out today. it shows 7.7% unemployment. you know, i know a lot of democrats want to say, oh, it's dropping, but it seems to me for months and months and months, the unemployment numbers have just remained awful. they move a little up and down, but they're just a mess. 12 million people unemployed. it seems to me that that could cut either way. republicans could still lean on that and say, you may be winning the pr war on this thing right now, but don't forget, you've got a big prob
what was so bad about the 39.6% highest rate under bill clinton? the economy was pretty good under bill clinton and that grumbling from democrats, i think, will be helpful to, ironically, republicans because a lot of republicans on the right are going to be saying to boehner, we had pledged to grover norquist no tax increase at all and here you are agreeing to what is effectively a tax increase. and i think that both sides are going to have to give a little bit of something, and that 37% may be...
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brought back to where they were under clinton. that's the catalyst that has to be brought home to republicans. they can make the deal whenever but they best make it now. if they make it late there will be hell to pay for all of us, including them. the people running the government. the politicians. good politicians don't take their countries off of cliffs. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>> thanks, chris. and thanks to you for tuning in. i'm live from washington, d.c. tonight's lead, the end of an era. for more than 20 years republicans have calmed to the one policy that's crippled our ability to get things done in washington. do you remember this? >> read my lips. no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ende
brought back to where they were under clinton. that's the catalyst that has to be brought home to republicans. they can make the deal whenever but they best make it now. if they make it late there will be hell to pay for all of us, including them. the people running the government. the politicians. good politicians don't take their countries off of cliffs. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>>...
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it's not a coincidence that the president was golfing with bill clinton this sudden. that is as much the president likes golf as much as an effort to say, here i am with the great dealmaker, the reasonable guy that everybody likes, regardless of whether clinton's actually giving him any advice on this although i'm sure he is. >> if you look back to the health care debate obama tried to appear reasonable last time and that didn't work well for him. what he's doing now is all the things he didn't do last time. starting with the unreasonable position, with what he wants rather than what he thinks he'll get which is a better bargaining position. he's going out and trying to get people to pick up the phone, take up, you know, twitter and facebook and tell congress we want to get this done. so he's doing a lot of the things from a negotiating standpoint that he didn't do last it time around, while still, you know, kind of queuing up the blame game as both sides are doing to make sure that other guy takes the fall if it doesn't work. >> and i think to eric's point, this is w
it's not a coincidence that the president was golfing with bill clinton this sudden. that is as much the president likes golf as much as an effort to say, here i am with the great dealmaker, the reasonable guy that everybody likes, regardless of whether clinton's actually giving him any advice on this although i'm sure he is. >> if you look back to the health care debate obama tried to appear reasonable last time and that didn't work well for him. what he's doing now is all the things he...
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ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a isis caused by a massive indury in real-estate due to pocies to seven everybody encouraged to take out a rtgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this? that is left in here and even encouraged because it implies some banks will be bailed out. >> right. when you say the bank is systemic you say it is an institution to big and important and critical to allow be left 57 they have labeled them systemic. it shows whathappens and white increases the risk. the big banks can borrow money more cheaply because they think the government will bail them out. >> creditors know they will not be bailed out if they fail so they give them money at it chper rate. >> jpmorgan chase pays $4 interest but the small bank pays $70 $0.50. they sy small
ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a isis caused by a massive indury in real-estate due to pocies to seven everybody encouraged to take out a rtgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this? that is...
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ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this? that is left in here and even encouraged because it implies some banks will be bailed out. >> right. when you say the bank is systemic you say it is an institution to big and important and critical to allow to be left 57 they have labeled them systemic. it shows what happens and white increases the risk. the big banks can borrow money more cheaply because they think the government will bail them out. >> creditors know they will not be bailed out if they fail so they give them money at it cheaper rate. >> jpmorgan chase pays $4 interest but the small bank pays $70 $0.50.
ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this?...
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and david wrote, hillary clinton is running for president. he came to that conclusion after attending a forum in washington where hillary clinton was a featured speaker and was introduced by what remnick calls a short, adoring film. the film was like an international endorsement four years in advance of the iowa caucus and the new hampshire primary. >> if you bet on the side of human rights, human dignity, more countries may have the same extraordinary good fortune that we've had. ♪ and when you smile >> someone who knows a thing or two about political comebacks, i can tell you i don't think we've heard the last of hillary clinton. ♪ girl you're amazing just the way you are ♪ >> i just have an instinct that the best is yet to come. >> joining me now, "the washington post" and jonathan capeheart. >> come on, these leaving her term as secretary of state. she's arguably been one of the best that we've had in a while. she's loved by clearly lots of people around the world, particularly foreign leaders and so there she is at this forum fille
and david wrote, hillary clinton is running for president. he came to that conclusion after attending a forum in washington where hillary clinton was a featured speaker and was introduced by what remnick calls a short, adoring film. the film was like an international endorsement four years in advance of the iowa caucus and the new hampshire primary. >> if you bet on the side of human rights, human dignity, more countries may have the same extraordinary good fortune that we've had. ♪ and...
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. >> in 1994 clinton awarded him the national medal of the arts. >> i'll never forget in high school as a musician i could actually play the saxophone lead in "take 5." >> reporter: in 2009 the kennedy center honored his six decades. >> rhythm is an international thing. >> rhythm is an international language. >> reporter: dave brubeck spoke it fluidly. anthony mason, cbs news, new york. >>> coming up after your local news on "cbs morning news," an update on the growing crisis in syria. we'll get reaction from secretary of state hillary clinton who's holding talks. >> plus a groundbreaking way to treat alzheimer's disease with a brain pacemaker. >>> and the latest problems for the boeing 787 dream maker. we'll hear from peter later. >>> that is the morning news for this thursday. as always i appreciate your watching. i'm terrell brown in new york city. thank you, everybody. have a great day. -- captions by vitac -- www.vitac.com decemb >> your realtime captioner: linda marie macdonald >>> hi, everyone. good morning. it's thursday, december 6. good to have you with us. i'm frank mallic
. >> in 1994 clinton awarded him the national medal of the arts. >> i'll never forget in high school as a musician i could actually play the saxophone lead in "take 5." >> reporter: in 2009 the kennedy center honored his six decades. >> rhythm is an international thing. >> rhythm is an international language. >> reporter: dave brubeck spoke it fluidly. anthony mason, cbs news, new york. >>> coming up after your local news on "cbs...
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david: okay, but the fact is that they lowered tax rates during the clinton area. they lowered the capital gains rates from 28% to 20% in 1997. that had an enormous impact on increasing product it, brought in twice the amount of revenue from capital gains they were getting with the higher rates. actually, the president answered a question related to this. mike says, mr. president, why won't keeping tax rates low across the board encourage hires and, therefore, more tax revenue? now, listen to what the president answers. he says: high-end tax cuts do least for economic growth and cost almost $1 trillion. extending middle class accounts boosts consumer demand and growth. but, in fact, as i said, when they lowered tax rates and capital gains, you had increased growth. >> yeah. david: so the concern is if you increase rates right now, you will cut down on the growth in the economy. >> we've seen it in europe. whenever they increase rates on the near term on slow growth economies, devastation -- david: and they just did it in france. they just did it in spain. they just
david: okay, but the fact is that they lowered tax rates during the clinton area. they lowered the capital gains rates from 28% to 20% in 1997. that had an enormous impact on increasing product it, brought in twice the amount of revenue from capital gains they were getting with the higher rates. actually, the president answered a question related to this. mike says, mr. president, why won't keeping tax rates low across the board encourage hires and, therefore, more tax revenue? now, listen to...
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. >> deputy to llary clinton, former morgan stanley executives trying to be obama's chief of staff. and tom knight has been making the rounds on wall street having dinners with various wall street streetictives. -- executives. and he setting the stage for an interesting wall street embrace of the president. you listen to these guys, ceo of goldman sachs, goes up tre before the water, he looks like he has within water tortured minutes before, eyes shiftg. neil: i don't know he was waterer to thetured. i think that guy,hoer? lead, and whoever is the winner. things he opposed, long col on, just weeks ago, now sign me up. >> what is ridiculous, he went out and said we need to cut expenditures and a planned approach but tn he said, president has a creble plan ta raise a lot of taxes. >> ihink they are allll pathetic losers, they make washington, d.c. look lik choir boys, i am shocked. in record time, turning to this guy who cald him every name in the boo dirty rotten scoundrels of wall street, n ey are playing ft ftse i is grossndreepy. neil: i did not think that losing your backbone was
. >> deputy to llary clinton, former morgan stanley executives trying to be obama's chief of staff. and tom knight has been making the rounds on wall street having dinners with various wall street streetictives. -- executives. and he setting the stage for an interesting wall street embrace of the president. you listen to these guys, ceo of goldman sachs, goes up tre before the water, he looks like he has within water tortured minutes before, eyes shiftg. neil: i don't know he was waterer...
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. >> we know the secretary of state hillary clinton will be talking with lawmaker abouts benghazi and the attack coming up. what can you tell us about that? >> secretary of state hillary clinton will be heading to capitol hill to testify about the benghazi attack. independent review board investigating the attack should have its report done soon and secretary clinton will testify after that according to the republican chairwoman of the house foreign affairs committee. >> i have been in conversations with the department of state. there's every indication this will happen before the end of this year as soon as the report is complete which is expected to be done in the next days or weeks. so we have every expectation she will testify and she will do so in an open setting and perhaps the leaders of the report, the lead investigators may be testifying before in a closed setting. >> democratic senator john kerry the chairman of the senate foreign relations committee says secretary clinton also will appear. >> molly henneberg, thank you very much. >> right now the search is on for one crafty
. >> we know the secretary of state hillary clinton will be talking with lawmaker abouts benghazi and the attack coming up. what can you tell us about that? >> secretary of state hillary clinton will be heading to capitol hill to testify about the benghazi attack. independent review board investigating the attack should have its report done soon and secretary clinton will testify after that according to the republican chairwoman of the house foreign affairs committee. >> i...
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michelle obama is competing with bill clinton for a grammy for best spoken word album. the first lady red the audio version of "american grown," the story of the white house garden. the former president narrated his book "back to work." those are a couple of things we thought you should knowment time for the news narc gut check. treasury he secretary tim geithner told cnbc yesterday that the obama administration is absolutely ready to go over the cliff if republicans refuse to raise tax rates on the wealthiest americans. take a look. >> when it comes to raising taxes on the wealthy, if republicans do not agree to that is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve the rates going up on the top 2% of the wealthy. >> orrin hatch called that one of the most stunning and irresponsible statements he's heard in some time. what does your gut tell you? do you support the obama administration's decision to go over the cliff? that does it for this edition of "news nation." thanks for hanging with
michelle obama is competing with bill clinton for a grammy for best spoken word album. the first lady red the audio version of "american grown," the story of the white house garden. the former president narrated his book "back to work." those are a couple of things we thought you should knowment time for the news narc gut check. treasury he secretary tim geithner told cnbc yesterday that the obama administration is absolutely ready to go over the cliff if republicans refuse...
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president clinton had decided that he was ing to try to work with th republicans. he brought in a new chief of staff the name of erskine bowles, and in that has popped up again. and he immediately called me and said to my here to work with you and that enabled us to do al of things that i don't think the republicans today can get done with this obama white house. lou:and are you and i in agreement th the republicans are not innear sufficiently strong position, not with the lack of taent, there are ome quesonsabou that but because of the lack f power of the leaers in the house and the role of the housen this negotiation. >> i am not prepared to ay that. i go up to the capitol every week and meet with the republican leaders and lten to them as thy talked very openly about what tir views are d what they're trying to get done. and i cantell you tt they are a lot stronger than they have been presented by the conservative media. the interesting thng about the speaker is to o make you look carefully at his roposals, he is never implyg that e would increase tax rates. and
president clinton had decided that he was ing to try to work with th republicans. he brought in a new chief of staff the name of erskine bowles, and in that has popped up again. and he immediately called me and said to my here to work with you and that enabled us to do al of things that i don't think the republicans today can get done with this obama white house. lou:and are you and i in agreement th the republicans are not innear sufficiently strong position, not with the lack of taent, there...
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mayor clinton. >> mayor chelsey clinton. >> jennifer: you think hillary clinton would be interested in being mayor? >> no, as great as new york is, i think it would feel like a demotioning to from traveling the world as secretary of state to dining the fine restaurant of new york. i think they'll vote in quinn. >> jennifer: karl, let me follow up with you. there is a new york democrat nate shinigoa who lost his race, but he received a letter from hillary clinton, and he posted it on his facebook. and she's in fact in that letter encouraging him to keep on fighting in the political website, saying that is new for clinton. do you think she's building support for a presidential campaign? >> i don't think she's building support to go on a nice long vacation. >> jennifer: i totally agree. >> which is probably what she's going to do, take a break while her team puts everything together. it's smart politics congratulating, and offering condolences to anyone who lost. i think it's pretty normal. i think it's usual that a candidate would put it up for the world to see but i think it's a smart t
mayor clinton. >> mayor chelsey clinton. >> jennifer: you think hillary clinton would be interested in being mayor? >> no, as great as new york is, i think it would feel like a demotioning to from traveling the world as secretary of state to dining the fine restaurant of new york. i think they'll vote in quinn. >> jennifer: karl, let me follow up with you. there is a new york democrat nate shinigoa who lost his race, but he received a letter from hillary clinton, and he...
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it would be a hillary clinton/david petraeus ticket. but i think that's kind of -- you know. >> we have to rewrite half of it. >> yes, well, although i mean -- we don't even need to go there. >> the hillary, what i've heard, is that the people who are in the financial end of hillary's campaign have been alerted that they got planning to do. some of them are also andrew cuomo fund-raisers and they are alert that there is planning they need to do. some of them are pretty conflicted. that's the best that i have on what she's thinking. >> i've talk to some of the fundraisers and they are planning. i think she is going to run. she is exhausted now. she'll take a couple -- she may not know she is going to run although i suspect she kind of does. she will take a couple years. and at this point she would be a very, very formidable candidate. depending on what happens over the next four years. mario cuomo used to say between now and then, a pope will be born which means, who the hell knows what's going to happen? the second obama term could be a
it would be a hillary clinton/david petraeus ticket. but i think that's kind of -- you know. >> we have to rewrite half of it. >> yes, well, although i mean -- we don't even need to go there. >> the hillary, what i've heard, is that the people who are in the financial end of hillary's campaign have been alerted that they got planning to do. some of them are also andrew cuomo fund-raisers and they are alert that there is planning they need to do. some of them are pretty...
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long tradition in arkansas, let's not forget one of the great presidents of the united states, bill clinton. we work hard down there but i can't get too specific on our prospects there yet. >> if i could return to the administration for a minute, governor. obviously, some governors are lobbying the white house on what they would like to see happen in some of the fiscal cliffs negotiations and some of the cut thass republicans and others want to make in these negotiations could impact state budgets. what do you see as your bottom line and what the cuts cannot do? -- or should not do. >> let's be clear about this, the president has this one right. we cannot balance this budget and make the changes we need to make in terms of the fiscal cliff, or or what i call the fiscal slope without ensuring that we ask the top 1% or 2% of the americans pay their fair share in income taxes. we all know that the top 1% or 2% is paying lower income taxes than any time in our history. they've had a great deal, president bush set that up for them but we as nation did better under the clinton tax policies where
long tradition in arkansas, let's not forget one of the great presidents of the united states, bill clinton. we work hard down there but i can't get too specific on our prospects there yet. >> if i could return to the administration for a minute, governor. obviously, some governors are lobbying the white house on what they would like to see happen in some of the fiscal cliffs negotiations and some of the cut thass republicans and others want to make in these negotiations could impact...
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. >> meet president clinton and obviously everyone wants to hear from former president clinton especially he solved the fiscal cliff if we recall. many years ago. liz: we had a nice surplus back then. >> yes, we did. liz: behind the scenes at facebook is another one. is this newer item? >> never had this one before and this with the top executives there and that's going to be a great time. liz: mark zuckerberg, will be there? >> we're not promising that but you will have to go and find out. >> lunch last year was the second highest bid outside of a meeting with the pope at the vatican. so we have 24 hours to get this up. okay? substantially. liz: 24 hours, everybody. before we go, you, bob have been known as the president's ear right for banking. >> i'm very close to him. liz: what is happening with the fiscal cliff, him and boehner. >> listen, they have had great meetings with ceo's. they have had three meetings with ceo's. the president wants a deal. boehner wants a deal. i think it has to be balanced with revenues including increased rates on taxes. i would say at like 75% that there's
. >> meet president clinton and obviously everyone wants to hear from former president clinton especially he solved the fiscal cliff if we recall. many years ago. liz: we had a nice surplus back then. >> yes, we did. liz: behind the scenes at facebook is another one. is this newer item? >> never had this one before and this with the top executives there and that's going to be a great time. liz: mark zuckerberg, will be there? >> we're not promising that but you will have...
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if julian wants so much the clinton tax rates, that's fine, i'll go along with that if we had the clinton era government spending whic we don't. >> brenda: okay. all right, we've got to go. thanks, guys. so, see this last year, it was a union uproar in wisconsin and now we're seeing this. a diffent state, same scene, neil and his gang sayg all taxpayers should be paying attention. that's at the bottom of the hour, but up herefirst, did you hear this? >> our people in an overwhelming supported this president and there ought to be a quid pro quo. >> brenda: a detroit council woman demanding a bailout after voting the president in. guess where the president is heading on monday? heading on monday? should taxpayeyeyeyeye [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super
if julian wants so much the clinton tax rates, that's fine, i'll go along with that if we had the clinton era government spending whic we don't. >> brenda: okay. all right, we've got to go. thanks, guys. so, see this last year, it was a union uproar in wisconsin and now we're seeing this. a diffent state, same scene, neil and his gang sayg all taxpayers should be paying attention. that's at the bottom of the hour, but up herefirst, did you hear this? >> our people in an overwhelming...
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president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that created surpluses in the latter half of the clinton presidency. it's a more complicated picture. definitely there are folks who want tax increases but let's not gloss over president obama is talking about way higher taxes than we saw during the clinton era on the high earners. >> that's true. all right. want to talk about a party going on tonight. james, pretty good. there is a party going on, jack kemp foundation is having a party and marco rubio is speaking. paul ryan is speaking. they both want to have complete makeovers. you know -- marco rubio doesn't want to
president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that...